We construct a dynamic general equilibrium model of housing, incorporating some key features that bridge time and space. We model explicitly the evolution of housing structures/household durables and the separate role played by land, fully accounting for households’ locational choice...

We propose a sectoral-shift theory of aggregate factor productivity for a class of economies with AK technologies, limited loan enforcement, a constant production possibilities frontier, and finitely many sectors producing the same good. Both the growth rate and total factor productivity in...

National accountants treat as consumption all expenditure incurred in purchasing consumer durables and in forming intangible assets such as knowledge, education and good health. The case is made in this paper that the national accounts measures of saving and investment understate both the extent...

Piketty argues that there are long-run fundamental laws in capitalism that will necessarily concentrate the income in favor of the privileged 1 or 10% of the population. Piketty's two fundamental laws are really theoretical propositions that presume relative rigidity in the rate of return of...

Growth performance of African countries since their independence in the late 1950s until mid-1990s is qualified by many scholars as a tragedy. Geography, ethnic fractionalization, conflicts and wars, bad policies, predatory elites, and many other phenomena were the factors presumed to explain...

The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...

This study is perspectives of agro-based industry of Tharparkar, and Third chapter of the thesis of Ph.D submitted in 2002. In this study perspectives of agro-based industry are discussed. Main topics of the study are: Crops, Non-crops, Livestock, Fishing, Poultry and Edible oil. Secondary data...

This study is about problems of agro-based industry of Tharparkar and barrage area of Sindh, and fifth chapter of the thesis of Ph.D submitted in 2002. In this study problems faced by agro-based industry are discussed. Main topics of the study are: Crops, Non-crops, Livestock, Fishing, Poultry...

This paper adopts a stochastic frontier approach to investigate the trend and determinants of total factor produc- tivity (TFP) growth in the agriculture sector of India, using extensive district-level data. The assessment of the production frontier highlights the efficiency aspect of Indian...